Singapore’s manufacturing sector can no longer compete on cost. But as the likes of HP has shown, it is about having an effective package that matters

Singapore has evolved in just a few dec­ades from a low-cost, labour-plentiful as­sembly base into an expensive city where land remains scarce and labour challeng­es of a different kind are now prevalent.

Yet throughout this period, Hewlett Packard (HP), a pioneering MNC in the tech manufactur­ing space, has been happy to stay despite the cost, and operate a large presence out of Singapore.

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